Search
 

City Plans Transit-Oriented Development at Kedzie Stop

CHICAGO-A 20,366-sf lot at 3148-56 W. Lake St. is being offered to developers willing to build a mixed-use, transit-oriented project next to the Chicago Transit Authority's Green Line station.

By Mark Ruda | Updated on December 28, 2005

CHICAGO-The city’s Department of Planning and Development is offering a 20,366-sf lot at the northeast corner of Lake Street and Kedzie Avenue for sale to a developer able to build a mixed-use, transit-oriented project. The site is north of the Chicago Transit Authority’s Kedzie Avenue station on its elevated Green Line.

Although the city has set a target sales price of $203,500, it also is offering tax increment financing, property tax break and department of housing incentives to a developer willing to build at 3148-56 W. Lake St., four miles west of the Loop. Developers have until Feb. 20 to submit their qualifications, indicating their experience and financial ability to complete a project. They will learn in March whether they have made the department of planning and development’s cut, and a successful bidder is scheduled to be named in May.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.